Topic: Banking Services
German tax authorities target Credit Suisse clients
AFP Global Edition
Over 1,000 rich Germans with accounts at Swiss bank Credit Suisse found themselves under investigation Friday following the purchase by authorities of a CD containing the names of tax dodgers. "State prosecutors have launched 1,100 investigations against customers and staff of Credit Suisse," Dirk Negenborn, spokesman for prosecutors ...
Lloyds predicts return to profit in 2010
AFP European Edition
Partly-nationalised Lloyds Banking Group forecast on Friday that it will return to profitability in 2010 and reported strong trade in the first few months of the year. "In the first 10 weeks of 2010, the group's trading performance has been strong and we are pleased with the group's ...
FTSE 100 shares rise
AFP European Edition
FTSE 100 shares were upbeat at the end of trade on Friday boosted by state-rescued bank Lloyds' forecast of a return to profit in 2010 after two years of losses. London's benchmark index gained 0.13 percent to 5,650.13 points. Lloyds Banking Group (LBG) was the most ...
Lloyds says to return to profit this year
Reuters US Online Report Business News
LONDON (Reuters) - Bailed out British lender Lloyds Banking Group <LLOY.L> said on Friday it would return to profit this year thanks to a bigger than expected drop in bad debts, wrong-footing forecasts for another loss and sending its shares sharply higher. Lloyds, which sank 6.3 billion ...
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